aj485’s Activity

Yesterday

NL

Boards Post

aj485 replied to the Retirement Investing board. 8:32 PM

Re: Cash accumulation fund associated with GUL

Working through benefits with a new employer - One option available is a cashacumulation fund with a guaranteed 3% interest rate. Its tied to a guaranteed universal life policy that happens to be a good deal for me in and of itself.

As I
[more]

NL

Boards Post

aj485 replied to the Foolish 401(k)s board. 5:55 PM

Re: Trad. 401(k) v Roth 401(k) both w/match

If I contribute to a Roth plan, according to the form, the amount is based on an after-tax basis, so they would match 4% of 55k (approximate after tax salary), which would be $2200.

I believe this is where your misunderstanding is. If [more]

Sat Oct 18

NL

Boards Post

aj485 replied to the Retirement Investing board. 12:17 PM

Re: Late investing for retirement

Because I can live on my disability income but jus live no trip no fun, I want to match my income not replace it so I can have a little fun and tripe be fore I am not able due to health.

If this is wrong thinking please let me
[more]

Fri Oct 17

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 11:47 PM

Re: paying off debt through CCC / mortgage

Sadly, no. We have chosen an income-based repayment plan for both our loans through StudentLoans.gov. We will continue paying on them for the next 25 years, capped at 10% of our income.

:-( I was [more]

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Boards Post

aj485 replied to the Foolish 401(k)s board. 7:58 PM

Re: Trad. 401(k) v Roth 401(k) both w/match

I know the general rule is to max out the Traditional first since it usually comes with a match and is considered "free money."

Actually, I would say that the general rule is to contribute enough to your 401(k) to capture [more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 2:20 PM

Re: paying off debt through CCC / mortgage

My husband and I have consolidated debt through a CCC -- we are 8 months away from having it paid off at the current rate. We could put more money toward it -- or we could leave it as is.

Congratulations on making progress! Does this [more]

Thu Oct 16

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 6:05 PM

Re: No degree? Don't bother to apply.

Ahh but it COULD. For example if you're 20 years old and have not graduated from college, it could be construed as age discrimination if you meet other criteria.

And if there is a possibility, I'm sure someone will sue about it and [more]

Wed Oct 15

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 3:54 PM

Re: Raising Credit Score From Zero to 789, in 26

It wouldn't be that hard to start somekind of "floor" that people new to credit would start out on - and better than piggy-backing off of someone else's credit.

Most 'piggy-backing' (being an authorized user with no [more]

Tue Oct 14

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 9:22 PM

Re: Raising Credit Score From Zero to 789, in 26

Because it really should be a "credit worthiness" score.

How is it not a 'credit worthiness' score? Credit scores are based on historical factors of how the individual previously performed when provided with credit. The [more]

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 12:55 PM

Re: Raising Credit Score From Zero to 789, in 26

It seems to me there should be some kind of "starter" credit score number one starts out based on something (like age, full-time job).

There is not. You pretty much have to have some type of credit reported before you can [more]

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 12:26 PM

Re: Raising Credit Score From Zero to 789, in 26

Srsly, does anyone know the rating you need to exceed in order to avoid a higher charge for homeowner's insurance (maybe other kinds of insurance, too)?

Sorry, there isn't a direct correlation between the 'FICO' type credit scores and [more]

NL

Boards Post

aj485 replied to the Retirement Investing board. 12:10 PM

Re: Free e-book:Pure Income Investing for Retire

If I understand the Amazon page properly, this book is "free" only to subscribers to Kindle Unlimited, which costs $10 per month.

The Amazon page is a little confusing for free items. Do you have a "Buy now with [more]

NL

Boards Post

aj485 replied to the Unconventional R Us board. 12:10 AM

Re: Bonds

In my case, I will likely wait until 66 which is as good as it gets since I will likely collect on my husband's record.

You might want to consider the option offered in this article:

[more]

Sun Oct 12

NL

Boards Post

aj485 replied to the Retirement Investing board. 5:35 PM

Re: Late investing for retirement

Actually I am hoping to replace BOTH the VA and SSDI at current amount adjusted for inflation or about $,4000 a month income off my investment account while continually investing $10,000 a year till the day I die. Then what ever is left can be [more]

Sat Oct 11

NL

Boards Post

aj485 replied to the Retirement Investing board. 10:59 PM

Re: Late investing for retirement

Your correct I do not work I ment by time I reach the SSI retirement age to draw SSI instead of SSDI I get $1,050 in SSDI but I THINK my SSI will only be a little over $800 a month. I basically want my investments to be able to replace my current [more]

NL

Boards Post

aj485 replied to the Retirement Investing board. 3:17 PM

Re: Late investing for retirement

I am a 100% disabled Veteran so all my income (VA disability and SSDI)are tax free income so far as I know I have no options for tax deferred investing like 401k's

Thank you for your service.

As far as 401(k) and IRA accounts [more]

Thu Oct 9

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 11:52 PM

Re: No degree? Don't bother to apply.

~ You have graduated from a selection of Title IV accredited universities or graduate programs

I would call this discrimination based on educational attainment.

It seems like this policy runs contrary to the Equal Credit [more]

Tue Oct 7

NL

Boards Post

aj485 replied to the Budgeting board. 9:30 PM

Re: Categories

Why are the percentages against gross income rather than take home?

Because the OP is retired, so there isn't a 'take-home'. From the OP's post:

(percentages are approximate and against gross income, we're retired with no [more]

NL

Boards Post

aj485 replied to the Paying Back Student Loans board. 2:05 AM

Re: A reason to payback student loans early

Changing jobs, and getting ready for the next tax year - I'll move up a tax bracket and have some deductions phased out. The upshot of this is the student loans I've been intentionally slow paying (because the interest rate is low) will no longer [more]

Sat Oct 4

NL

Boards Post

aj485 replied to the Budgeting board. 11:15 AM

Re: Categories

Okay, I just stumbled across this and I must be missing something, that perhaps you addressed somewhere else? If your kids are 6,4, and 1, why do you and your husband have 3 cars?

She did address this in a couple of posts on the [more]

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Big gold star, 5000 posts Feste Award Nominee! Old School Fool
Board Posts 8403
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